Will COVID Derail The World’s Hottest Offshore Oil Boom? ...Middle East

During a difficult 2020, Brazil’s hydrocarbon sector demonstrated its resilience in the face of a price crash and the COVID-19 pandemic. Even those events along with heightened geopolitical risks and domestic instability did little to curb Brazil’s oil boom. For 2020, Brazil’s overall hydrocarbon output (Portuguese) rose 5.5% year over year to a record 3.7 million barrels of oil equivalent daily. This, according to Brazil’s hydrocarbon regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANH – Portuguese…

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